Highest-materiality recent filing
Warner Music Q3 revenue $1.86B (+10%); net income $200M; dividend $0.20
Revenue $1,864M (+10% YoY); Recorded Music +10%, Music Publishing +12%.
Warner Music Group reports preliminary Q3 revenue up 10% to $1.864B, EPS $0.39 vs ($0.03) YoY
Revenue $1.864B (+10% YoY); Recorded Music +10%, Music Publishing +12%.
Armin Zerza stepped down as CFO and COO for personal reasons, effective July 31, 2026; will remain available through fiscal year.
WMG Q2 revenue up 17% to $1.73B; net income $181M vs. $36M; declares $0.19 dividend
Total revenue $1.732B, up 17% YoY (12% constant currency); Recorded Music +17%, Music Publishing +14%.
WMG subsidiary enters $1.295B term loan and $350M revolver, both due 2031
Term loan A facility of $1.295 billion; revolving credit facility of $350 million.
Warner Music Group stockholders elect 11 directors and ratify KPMG as auditor at annual meeting
All 11 director nominees elected with >99% support from votes cast (excluding broker non-votes).
WMG CEO letter details US streaming share gains, Bain JV for catalog buys, new AI monetization deals
Q1 US streaming market share up 1pp; Spotify Top 200 share up >3pp FYTD. 2025 IFPI Global Singles Chart: 4 of top 5 spots by WMG artists.
Warner Music and Bain Capital each increase JV equity commitment by $100M
WMGCo and BainCo each increased equity commitment by $100M in the Master Operations and Economics Agreement.
Warner Music Q1 revenue up 10% to $1.84B; Adjusted OIBDA up 28%; declares $0.19 dividend
Revenue $1,840M (+10% YoY); Recorded Music +10%, Music Publishing +12%.
Warner Music amends CEO Kyncl's employment with performance-vested options and PSUs
CEO Kyncl receives $10M in options split into three tranches requiring 8%, 10%, and 12% total shareholder return hurdles.
Warner Music reports Q4 record revenue $1.87B (+15% YoY); net income $109M, double prior year
Q4 revenue $1,868M (+15% YoY); Recorded Music $1,534M (+15%), Music Publishing $337M (+14%).
Warner Music declares $0.19 quarterly dividend, payable Dec 2
Board declared $0.19 per share cash dividend on Class A and Class B common stock.
Warner Music Group Q3 FY2025: Revenue up 9%, but net loss of $16M; dividend declared
Total revenue $1,689M (+9% YoY); Recorded Music $1,354M (+8%), Music Publishing $336M (+10%).
Warner Music forms $1B+ catalog JV with Bain Capital, announces $300M cost-saving plan
JV with Bain: $500M equity (50/50) + $500M debt warehouse for catalog acquisitions; initial JV is Beethoven JV 1 LLC.
Warner Music Group declares $0.18 quarterly dividend payable June 3
Board declared $0.18 per share dividend on Class A and Class B common stock.
Warner Music Q2 revenue down 1%, net income plunges 63% to $36M
Q2 revenue $1,484M, down 1% YoY (up 1% in constant currency).
Warner Music Group appoints Armin Zerza as CFO effective May 5; Bryan Castellani steps down
Armin Zerza, former Activision Blizzard CFO, appointed EVP & CFO of WMG effective May 5, 2025.
Warner Music Group shareholders elect 11 directors, ratify KPMG as auditor at 2025 annual meeting
All 11 director nominees elected with large majorities; For votes ranged from ~7.58B to ~7.62B.
Warner Music Group declares $0.18 quarterly dividend payable March 4, 2025
Quarterly cash dividend set at $0.18 per share on Class A and Class B common stock.
Warner Music Group Q1 revenue falls 5% YoY to $1.67B; net income up 25% but OIBDA down 20%
Total revenue $1,666M, down 5% YoY; Recorded Music revenue down 7% to $1,345M, Music Publishing up 6% to $323M.
WMG CEO Kyncl's annual equity switches from PSUs to RSUs; target value $10.6M
Starting FY2025, Kyncl receives annual RSU grant with $10.6M target value instead of $10M PSU.
WMG FY2024 revenue up 6% to $6.43B; Q4 net income falls 69% to $48M
Q4 revenue $1.63B (+3% YoY); digital revenue flat; net income $48M vs $154M YoY (down 69%).
Warner Music Group declares $0.18/share quarterly dividend, payable Dec 3, 2024
Board declared regular quarterly cash dividend of $0.18 per share on Class A and Class B common stock.
WMG revises restructuring plan: cost savings now $260M, charges $210M, headcount cut 750
Pre-tax cost savings target raised to ~$260M, majority by end of FY2025, from prior $200M.
WMG subsidiary reprices $1.295B term loans; new Tranche J at SOFR+1.75%
WMG Acquisition Corp. issued $1.295B in Tranche J term loans to replace existing Tranche I term loans.
Warner Music Group declares $0.18 quarterly dividend, payable Sept 4
Quarterly cash dividend of $0.18 per share on Class A and Class B common stock.
Warner Music Q3 net income up 14% to $141M; Adj. OIBDA +6% to $316M; revenue -1%
Revenue down 1% to $1,554M (up 1% CC); Recorded Music -2%, Publishing +8%.
Warner Music Group declares regular quarterly dividend of $0.17/share
Dividend of $0.17 per share on Class A and Class B common stock.
Warner Music Q2 revenue up 7% to $1.49B; adjusted OIBDA up 9%; Music Publishing revenue up 19%
Revenue $1,494M (+7% YoY); net income $96M vs $37M; operating income $119M (-4%).
Warner Music Group stockholders elect all 11 directors, ratify KPMG, approve executive compensation
All 11 director nominees elected; Robert Kyncl received 7.64B votes for, 1.83M against, 299K abstain.
Warner Music Group declares $0.17 quarterly dividend payable March 1, 2024
Board declared a regular quarterly cash dividend of $0.17 per share on Class A and Class B common stock.
Warner Music Q1 revenue up 17% to $1.75B; announces restructuring plan with 600 job cuts
Revenue up 17% to $1.748B; net income $193M vs $124M YoY; Adjusted OIBDA +35% to $451M.
Warner Music subsidiary extends term loan maturity to 2031, refinances $1.295B
Issued $1.295B Tranche I term loans to repay existing Tranche G term loans in full.
Commitments increased from $300M to $350M under the revolving credit facility.
Warner Music Q4 revenue $1.59B, +6% YoY; FY revenue surpasses $6B milestone
Q4 revenue $1.59B (+6% YoY); digital revenue up 8% to $1.07B.
Warner Music declares $0.17/share quarterly dividend, payable Dec 1, 2023
Quarterly cash dividend of $0.17 per share on Class A and Class B common stock.
Warner Music Group appoints Bryan Castellani as CFO, succeeding Eric Levin
Bryan Castellani appointed EVP & CFO effective Oct 16; previously CFO of Disney Entertainment & ESPN.
Warner Music extends execs Moot & Marshall through March 2028; raises base salary
Guy Moot and Carianne Marshall employment extended to March 31, 2028.
Warner Music Group declares $0.17/share quarterly dividend
Dividend of $0.17 per share on Class A and Class B common stock.
Warner Music Q3 revenue up 9% to $1.56B; adjusted OIBDA up 16% to $297M
Revenue $1,564M (+9% YoY; +10% constant currency); digital revenue up 9% to $1,027M.
Warner Music adopts amended bylaws for DGCL and universal proxy rule compliance
Bylaws updated to comply with Delaware General Corporation Law amendments and SEC Rule 14a-19 (universal proxy).
WMG subsidiary refinances $150M Tranche H debt with new Tranche G loans
WMG Acquisition Corp. borrowed $150M in additional Tranche G term loans on June 30, 2023.
Warner Music declares $0.16 quarterly dividend payable June 1, 2023
Dividend of $0.16 per share on Class A and Class B common stock.
Warner Music Group amends senior term loan to replace LIBOR with SOFR benchmark
WMG Acquisition Corp. entered an Eleventh Amendment to its $1.295B senior term loan credit agreement.
Warner Music Q2 net income falls 60% to $37M; adjusted OIBDA up 4%
Net income $37M vs $92M prior year; OIBDA $207M (-19%).
Valentin Blavatnik elected to Warner Music Group board, replacing Alex Blavatnik after 12 years
Alex Blavatnik resigned from board April 27, 2023; not due to any disagreement with company or board.
Warner Music Group to cut ~270 jobs (4% of workforce); expects $46M restructuring charge
Headcount reduction of ~270 employees (~4% of global workforce); substantially complete by end of next fiscal quarter.
Warner Music amends revolving credit facility to replace LIBOR with SOFR-based rates
Amendment replaces LIBOR-based rates with SOFR and alternate currency rates (EURIBOR, SONIA) in existing revolver.
Warner Music begins CFO succession planning; Levin to stay until replacement named by end of 2023
Eric Levin, CFO since 2014, will continue in role until successor appointed.
All 11 director nominees elected, including Robert Kyncl (7.63B for), Len Blavatnik (7.63B for), and Nancy Dubuc (7.63B for).
pursuant to which he will be appointed Executive Vice President and Chief Financial Officer of the Company, effective May 5, 2025.
Bryan Castellani will step down as Executive Vice President and CFO, effective May 5, 2025.
On September 19, 2023, the Company announced the appointment of Bryan Castellani as Executive Vice President, Chief Financial Officer (“CFO”), effective October 16, 2023.
On March 14, 2023, Warner Music Group Corp. (the “Company”) announced that it had begun planning for the succession of the Company’s Chief Financial Officer, Eric Levin.
Alex Blavatnik resigned from the Board of Directors (the “Board”) of Warner Music Group Corp. (the “Company”) and all committees thereof, effective upon the appointment of his replacement.
Valentin Blavatnik, age 25, was elected to the Board in accordance with the Company’s certificate of incorporation, effective immediately, to fill the vacancy on the Board resulting from Alex Blavatnik’s resignation.
On January 31, 2023, Mr. Cooper will retire from the Company and resign from the Board.
On September 21, 2022, the Company’s Board of Directors (the “Board”) announced that Mr. Robert Kyncl has been appointed to succeed Mr. Cooper as CEO and a director of the Company.
the Company announced that it has begun planning for the succession of the Company’s Chief Executive Officer (“CEO”) and director, Stephen Cooper. The Company expects the transition to happen by the end of 2023.
Mr. Levin will resume his role as Executive Vice President and Chief Financial Officer of the Company on or about February 15, 2022.
Mr. Dickler will resume his role of Senior Vice President & Corporate Controller of the Company, effective as of the date of Mr. Levin’s return.
Eric Levin, the Executive Vice President and Chief Financial Officer of Warner Music Group Corp. (the “Company”), has begun a paid medical leave of absence from the Company.
Max materiality 0.85 · Median 0.53 · Most common event earnings